Interest rate
1.70%
Terms available
Flexible—6 months to 5 years
Redeemability
Fully redeemable
Why choose the Enhanced Savings Plan?
Others can pitch in
Your loved ones can transfer funds to help you reach your savings goal. They can transfer up to 50% of your target amount.
Yearly bonus
You earn interest, and you get a bonus every year. You get an additional bonus when you reach your savings goal.
Track your progress on AccèsD
You can track your savings progress online. You can also change how much you transfer and how often.
Flexible term
You set the target date for your savings goal, and it can be up to 5 years away. You can stop saving anytime if you need to.
Interest rates and bonuses
Effective
Enhanced Savings Plan
| Term | Non-registered | RRSP | TFSA |
|---|---|---|---|
| 6 months to 5 years | 1.60% | 1.60% | 1.60% |
Annual bonus
To get the annual bonus, you need to save at least 5% of your goal amount during that year, excluding interest. The annual bonus is calculated based on the interest earned that year, at the bonus rate set when the Enhanced Savings Plan was purchased.
| Year | Non-registered | RRSP | TFSA |
|---|---|---|---|
| Year 1 | 85.00% | 85.00% | 85.00% |
| Year 2 | 160.00% | 160.00% | 160.00% |
| Year 3 | 135.00% | 135.00% | 135.00% |
| Year 4 | 145.00% | 145.00% | 145.00% |
| Year 5 | 155.00% | 155.00% | 155.00% |
Additional bonus
To get the additional bonus, you have to reach your goal within 5 years of starting to save. It's calculated using the total amount of annual bonuses you've earned, at the applicable rate.
| Plans and accounts | Bonus |
|---|---|
| Non-registered | 10.00% |
| RRSP | 10.00% |
| TFSA | 10.00% |
Eligible savings plans and accounts
| Plan or account | Savings goal |
|---|---|
| TFSA and RRSP | $50 minimum |
| Non-registered | $50 minimum $5,000 maximum if you're under 18 |
More information
Deposit insurance coverage
Your investment is eligible for deposit insurance, up to a certain limit.
Eligible for member dividends
Term savings are included when calculating your member dividends, if your caisse or credit union pays them.
Purchase your Enhanced Savings Plan
By phone
Montreal area:
514-224-7737 This link opens your phone app. (514-CAISSES)
Elsewhere in Canada:
1-800-224-7737 This link opens your phone app. (1-800-CAISSES)
Or we can call you when it's convenient.